Home sales in July saw a decrease compared to the same period last year but exhibited a slight increase from the previous month, as reported by the Canadian Real Estate Association (CREA). CREA disclosed that home sales in July totaled 43,578, marking a 5.3% decline year-over-year. However, when adjusted for seasonal variations, there was a 0.5% rise in activity compared to June 2026.
CREA’s senior economist, Shaun Cathcart, noted that beneath the national headline figures, real estate markets across the country are generally progressing towards a more balanced state. The national average selling price of homes in July stood at $674,819, reflecting a modest 0.2% increase from the previous year.
Furthermore, CREA highlighted that new listings in July experienced a 1.6% decrease compared to the previous month.
